Sculptor European CLO I DAC (2nd Refinance): 11 April 2021
The assets securing the Notes will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Sculptor Europe Loan Management Limited.
The Collateral Manager is an affiliate of Sculptor Capital Management Inc. and is a publicly traded company. Founded in 1994, Sculptor Capital is one of the largest institutional alternative asset managers in the world, with approximately $37.0 billion in assets under management as of 1 April 2021.
On 15 December 2016 (the Original Issue Date) OZLME B.V. issued Class A Senior Secured Floating Rate Notes due 2030, Class B Senior Secured Floating Rate Notes due 2030, Class C Senior Secured Deferrable Floating Rate Notes due 2030, Class D Senior Secured Deferrable Floating Rate Notes due 2030, Class E Senior Secured Deferrable Floating Rate Notes due 2030, Class F Senior Secured Deferrable Floating Rate Notes due 2030 and Subordinated Notes due 2030.
On 4 September 2019 (the 2019 Refinancing Date) the Original Issuer refinanced the Original Class A Notes, the Original Class B Notes, the Original Class C Notes, the Original Class D Notes and the Original Class E Notes.
On 9 April 2021 the Issuer will, subject to certain conditions, refinance in whole each Class of the Refinanced Notes by issuing Class X-R Senior Secured Floating Rate Notes due 2034, Class A-R Senior Secured Floating Rate Notes due 2034, Class B-R Senior Secured Floating Rate Notes due 2034, Class C-R Senior Secured Deferrable Floating Rate Notes due 2034, Class D-R Senior Secured Deferrable Floating Rate Notes due 2034, Class E-R Senior Secured Deferrable Floating Rate Notes due 2034, Class F-R Senior Secured Deferrable Floating Rate Notes due 2034 and Additional Subordinated Notes due 2034.
The existing Subordinated Notes were issued on the Original Issue Date and are not being offered pursuant to this specific offering. The Additional Subordinated Notes being offered and the Existing Subordinated Notes issued on the Original Issue Date shall form a single class of Subordinated Notes.
The Offered Notes are being offered by the Issuer through Merrill Lynch International in its capacity as initial purchaser of the offering of such Offered Notes subject to prior sale.
Sculptor Europe Loan Management Limited shall act as Retention Holder for the purposes of the Retention Requirements.
EU Risk Retention: The Retention Holder will undertake to subscribe for and hold, on an ongoing basis for so long as any Class of Notes remains outstanding, a material net economic interest of not less than 5% of the nominal value of each of the tranches of the Offered Notes sold or transferred to investors pursuant to Article 6(3)(a) of the Securitisation Regulations, as in force at the Issue Date.
US Risk Retention: No party involved in the transaction will obtain on the Issue Date and retain any Notes intended to satisfy the U.S. Risk Retention Rules.